Sri Lankan president calls for funding for countries facing climate change impact
ECONOMYNEXT – Sri Lanka Maithripala Sirisena has called for an international funding mechanism to support countries worst hit by the impacts of climate change.
“I propose to establish a system which encourages member countries to successfully achieve the expected commitments under environment conventions,” he told the Third Forum of Ministers and Environment Authorities of Asia Pacific in Singapore Friday.
“A strong funding mechanism to assist countries like Sri Lanka, which are severely affected by adverse impacts of climate change, has to be established for achieving sustainable development goals.
Sirisena said the support of developed countries and regional cooperation should be broadened in order to strengthen sustainable industries to reap the benefits of blue green economies.
Sri Lanka has been ranked second in the Global Climate Risk Index 2019, he said.
“Despite all the challenges of adverse impacts of climate change, Sri Lanka has commissioned the Moragahakanda and Kaluganga multipurpose water resources projects as one of the largest recent green investment,” he said.
“This was introduced to combat the adverse effects of climate change. It provides water for drinking and agricultural purposes for the communities in the dry zone.”
The twin reservoirs, with the capacity of 817 Million Cubic Meters, boost the economy through irrigating additional 84,000 hectares of farmlands and generate 25 MW of hydro-power.